Budget

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About the Budget


 The town's budget:
  • Establishes a priority of how funds are allocated between town departments and program areas
  • Is the annual income and spending plan that serves as a road map for the delivery of services to the residents of Shrewsbury
  • Provides an itemized account of planned spending
  • Reflects planned spending to operate the town in the 12 months beginning July 1 of the following year

Click HERE to download the Citizen's Guide to the Budget

Citizens Guide to the Budget Cover Image

Budget Calendar

The Town’s budget operates in a fiscal year format from June 30th to July 1st of the following year
August/September • Identify Goals & Strategic Needs
October • Capital Budget Forms Sent out to Department Heads
• Selectmen Discuss Revenue Trends & Projections

November • Capital Requests Submitted by Department Heads and Reviewed by Town Manager
• Selectmen Discuss Revenue Trend & Projection and set Fiscal Policies
• Town Manager Releases Budget Guidance to Department Heads
• Tax Classification Hearing & Final Tax Rate Set

December • Departmental Budgets are Due to the Town Manager
• Town Manager Develops Operating Budget

January • Selectmen Hold Workshops to Review Available Revenue and Departmental Requests
February • Town Manager Releases Initial Budget (Fiscal Projection 1) and presents to the Finance Committee and Board of Selectmen 
March • Finance Committee Holds a Series of Budget Hearings with Department Heads and Seeks Public Input
April • Finance Committee Holds a Hearing on Annual Town Meeting Articles and the Fiscal Year Budget
• Board of Selectmen & Finance Committee Vote on the Budget (Fiscal Projection 2)

May
• Annual Town Meeting (3rd Monday)
June/July • Current Fiscal Year Ends on June 30th
• New Fiscal Year Begins on July 1st
• State Budget Typically Passed with Final State Aid Numbers (a/k/a “Cherry Sheets”)

  1. Town of Shrewsbury Obtains AAA Bond Rating, $45,690,000 General Obligation Bonds Net 1.418%

    The Board of Selectmen have announced that the Town received competitive bids from bond underwriters on 1/12/2021, for a $45,690,000 20-year bond issue with an average interest rate of 1.418% and a AAA Bond Rating. Read on...
  2. Public Parking in Town Center

    Public Parking is now available at the Old Beal School, 1 Maple Avenue, in Shrewsbury’s Town Center District! Read on...
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Fiscal Year 2022 Budget Documents